As Blackberry maker Research In Motion gears up to release its fiscal third-quarter earnings, pressure is rising on the telecommunications company to deliver. Mike Abramsky, managing director and software and wireless research analyst at RBC Capital Markets, weighed in.
Best Buy's efforts to boost sales — particularly on Black Friday — by deep discounting took a heavy toll on gross profit margins, resulting in the retailer missing quarterly earnings estimates, Brian Nagel, senior research analyst at Oppenheimer & Co., told CNBC Tuesday.
CNBC's Jon Fortt reports on a recent investigation into the cause of a major accident in St. Louis last year that killed 2 people and injured 38 others. It led the National Transportation Safety Board to issue a recommendation today calling for a nationwide ban on the use of electronic devices while driving.